Tablets and phones are sucking Intel dry

But Internet of Things is doing well

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New financial postings show that Intel has been losing billions of dollars on its Mobile and Communications Group over the last few years.

The division, which includes Bluetooth, GPS, wi-fi and and cellular connectivity, along with its mobile processors, has seen the company lose a about US$3.15 billion (about £1.88 billion, AU$3.36 billion) in 2013.

The first quarter of 2014 hasn't proven much better for the division, with Intel posting an operating lost of US$929 million.

Low processing

The company has also seen large losses in its PC and Data Centre Groups - US$2.8 billion (about £1.67 billion, AU$3 billion) and US$1.3 billion (about £780 million, AU$1.4 billion), respectively, in the first quarter of 2014 alone.

But while the figures look grim for the company, Intel's fledgling Internet of Things Group has reported sales profits of nearly half a million each quarter.